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$5000 rebate for NJ Electric Vehicle signed into law
- Thread starter Rachmaninov
- Start date
Relevant thread for those wondering when the rebate is effective.
https://teslamotorsclub.com/tmc/thr...oactive-to-jan-17th-2020.184811/#post-4467075
New Jersey: EV Rebate credits - retroactive to Jan 17th 2020
https://teslamotorsclub.com/tmc/thr...oactive-to-jan-17th-2020.184811/#post-4467075
New Jersey: EV Rebate credits - retroactive to Jan 17th 2020
email : Webview : Governor Murphy Affirms Electric Vehicle Rebate Eligibility Effective as of January 17, 2020
Hopefully link works, Gov. Murphy says rebate is retroactive from Jan 17th
Hopefully link works, Gov. Murphy says rebate is retroactive from Jan 17th
In the CARB ZEV credit system you have to comply for each participating state.
But for a long time the CARB ZEV credits could "travel". In effect, that meant for compliance manufacturers focused on California as the large number of sales there would cover all states.
For the past couple of years they don't travel, but rather than truly having to comply on a state-by-state basis, the states are in regional pools. Credits earned in any state in the pool can be used to comply with any individual state.
Hence, the available inventory will be pushed to a state with the largest incentives.
For example, Kia wasn't going to send Niro EV inventory to Maine, instead just to Massachusetts, Connecticut and Rhode Island, but then Maine introduced a $2k BEV incentive and, as if by magic, inventory appeared.
To me, all state incentives are doing is making it easier for manufacturers to meet the CARB ZEV mandates. Cut out the incentives, and you'd see higher rebates.
Thanks for the explanation, very informative. But this doesn't really affect Tesla at all does it?
Yes I understand that, but M3 LR has nothing to do with being a "compliance car". Tesla does not sell compliance cars, only other manufacturers do.
I reached out to my local SA to see if there was anything that can be done to get my P3D under 55k, as I saw a leftover 2019 on EV-CPO for $51k that got snagged quickly last week. He's pretty useless in general, but told me to reach out to used, which made no sense but when discussing with the used SA he gave me this little snippet:
I would not be surprised if we see the stealth come back in its new form! Please be sure to follow up with your new car sales person, and remind them to keep looking for a stealth, as rebates are only on new cars!
Hopefully that becomes true, but in the meantime I'll be scouring and searching for a sub $55k P3D
I would not be surprised if we see the stealth come back in its new form! Please be sure to follow up with your new car sales person, and remind them to keep looking for a stealth, as rebates are only on new cars!
Hopefully that becomes true, but in the meantime I'll be scouring and searching for a sub $55k P3D
Since you seem to be pretty familiar with the bill I thought it'd be worth asking this question - what would qualify as the MSRP of the vehicle? For example, a P3D+ runs $56,990 (is this MSRP?) but oftentimes, especially when stock is a bit fuller than now you can find them for under $55k. Would that then qualify, or since it's technically a discount and the sale price, not MSRP? I feel like buying one now, if I could find it for less than $55k would open myself up to a *sugar* ton of issues expecting the $5k rebate.
If that's the case than I'd be far better waiting for the stealth to come back down to earth or scouring the used market. I missed out on a 2019 P3D+ for $47,800 last night - damn thing sold in 10 minutes after I got the notification from EV-CPO.
If I read that right, it looks like they're noting that the rebate exists, but not yet offering it up front. Instead they're calculating it as an after-purchase savings, like the savings on buying gasoline. You'd still have to pay full price and then file for the money back later this year. (As opposed to waiting until the rebate formally launches, when they'll be required by law to give you the rebate immediately if you want it.)
I'm not sure how to handle this, but I saw a deal pop up on a black/black stealth last night for $53k so I jumped on it and put the $100 deposit.
After delivery and all the fees I'm at $54,290, seemingly under the 55k threshold. I need to get in touch with someone to clear up the MSRP vs sale price differences and how the rebate will be affected. I'll gladly cancel this if the $5k won't apply and go back to the drawing board, but really hopeful that I'll qualify.
After delivery and all the fees I'm at $54,290, seemingly under the 55k threshold. I need to get in touch with someone to clear up the MSRP vs sale price differences and how the rebate will be affected. I'll gladly cancel this if the $5k won't apply and go back to the drawing board, but really hopeful that I'll qualify.
I don’t know why people are so confused by this. MSRP is the price on the window sticker, which is basically base price + options. It does not include sales tax (not that it matters for NJ), it does not include any discounts or incentives, and it has nothing to do with the sale price either (though again for new Teslas this is mostly moot). From my reading of stuff online, it does not include the doc fee either.
in the screenshot above, the MSRP would be 50,990, also listed as the purchase price. With a traditional dealer, the purchase price would typically be below the MSRP.
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